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The German government has initiated the preliminary process for the second bidding round of the so-called carbon contracts for difference on Monday. This round focuses on CCUS technologies.
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China has successfully tested its own large-scale plant for filtering CO2 from the atmosphere for the first time. The so-called CarbonBox is said to be able to filter 600 tons of the greenhouse gas from the air every year. China is not yet one of the market leaders in this new technology.
By Nico Beckert
The Altérra Fund, which the United Arab Emirates announced at COP28, is intended to facilitate urgently needed investments in the energy transition in the Global South on a large scale. The billion-euro project is now set to get underway. However, a decision in favor of a gas project is controversial.
By Christian Mihatsch
In 2024, the consumption of natural resources remains significantly above sustainable levels. The debate on a more frugal use of energy and resources is gaining importance, yet political momentum is still lacking.
By Lukas Bayer
A new Chinese action plan aims to reduce carbon emissions in the aluminum sector. The sector will replace coal with renewable energies and recycle more aluminum.
By Nico Beckert
Colombia's government wants to transform the fossil fuel economy to net zero. However, it has little money for investment. That is why Environment Minister Susana Muhamad calls for more support from developed countries and a closer partnership with Germany.
By Alexandra Endres
The EU Commission intends to impose punitive tariffs on Chinese biodiesel. The background to this is a sharp rise in cheap imports as well as allegations of fraud. The fuels in question are believed to have been advertised as more sustainable than they actually are.
By Carsten Hübner
After tough negotiations, South Africa has passed a new climate law. It is seen as an indication that the new government is pursuing a more ambitious climate policy than its predecessor.
By Lukas Bayer
While the EU, the USA, Japan and Korea are reducing their dependence on coal, demand in China and India is increasing – albeit slower than in 2023. Overall, the IEA expects demand to remain constant until 2025.
By Alexandra Endres